Industry reacts to Bank of Canada rate
Following the central bank’s move to maintain its overnight rate, industry professionals across the country are already speculating about the effect the move – or lack thereof – will have on broker business.
Bank of Canada announces overnight rate
There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true?
Panel predicts future of rates
Just prior to the Bank of Canada’s rate announcement four industry leaders predicted where rates will go within the next 30-45 days, and a consensus was reached.
Big bank tested on collateral charge transparency
CBC’s Marketplace went undercover to one big bank to see how transparent it was about collateral mortgages and the fine print associated with them.
Brokers prepare for rate announcement
With another rate announcement around the corner, what are brokers expecting and how are they planning to capitalize on whichever decision the Bank of Canada makes?
Completed and unabsorbed units hit highs
In a trend that is not unique to Canada’s hottest housing market, construction and unabsorbed housing units increased across the country in January, according to the latest report released by CMHC.
Brokers question foreign investment
Brokers are questioning how much foreign investment is expected to flood the Canadian housing market, despite one prediction from a major economist.
Knowing credit unions’ limitations
Credit unions are slowly earning their chunk of the mortgage market, but brokers warn of the potential pitfalls of not knowing the limitations and carefully reading the fine print.
Poll results: Banks vs. Monolines in the porting debate
When it comes to porting a mortgage one type of lender reigns supreme, according to a recent poll.
Banks set sights on condo market
The slight lull in one of Canada’s largest condo markets may soon come to an end, with the big banks refocusing on lending in that very segment.